Individual Recent Changes in NRI Taxation NON RESIDENT TAXATION The residential status of taxpayers plays a key role in determining the scope of taxable income (Indian Income / Foreign Income) for a financial year in… March 13, 2020 By admin 1
Basics Thin Capitalisation What is a thin capitalisation? A company is typically financed (or capitalized) through a mixture of debt and equity. Thin capitalization refers to the situation in which a company… February 28, 2020 By admin 0
Articles Advance Pricing Agreement Rule – 10F :- Meaning of expressions used in matters in respect of advance pricing agreement For the purposes of this rule and rules 10G to 10T, (a) “agreement”… February 18, 2020 By admin 1
Basics Transfer Pricing Basics • The effort of all tax authorities is to determine the correct value of taxable income which becomes difficult when the tax payer is involved in Intra Group Transactions.… February 15, 2020 By admin 0
Amendments OECD Guidelines on C By C reporting The OECD on December 23 released additional interpretative guidance on country-by-country reporting. The guidance was approved by a coalition of 130+ countries known as the “Inclusive Framework on BEPS.”… January 24, 2020 By admin 1
Amendments Turkey Comes up with 7.5% Digital Service Tax With every country’s tax authorities trying to catch up with modern ways of doing business, the latest is Turkey government who is going to enact 7.5% service tax on… December 24, 2019 By admin 0
Articles Face Book to start collecting 6% digital tax in Malaysia from January 2020 Facebook has announced that they will collect 6% service tax on the sale of ads in Malaysia starting 1st January 2020. This is in line with the introduction of… December 18, 2019 By admin 1
Amendments Australiareleases text of tax treaties with India reflecting MLI changes The Australian government on November 29 released the synthesized texts of Australia’s tax treaties with Ireland and India reflecting how those treaties were modified by the later ratification of… December 11, 2019 By admin 0
Articles Treatment of subscription fees, membership fees, etc. Basic idea of what the article relates to: – Many of us visit regularly on various websites to read some articles, journals or to watch some videos. One of… December 4, 2019 By admin 0
Articles Opposition to OECD Global rules by 28 Countries A group of 28 developing nations has backed India’s opposition to a set of new global rules for taxing tech giants being brokered by the Organisation for Economic Cooperation… November 16, 2019 By admin 0
